Hyundai 2008 Annual Report Download - page 48

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HYUNDAI MOTOR COMPANY
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
HYUNDAI MOTOR COMPANY
>>

HYUNDAI MOTOR COMPANY I 2008 AnnuAl RepoRt I 95HYUNDAI MOTOR COMPANY I 2008 AnnuAl RepoRt I 94
(*) Other changes consist of the decrease by
￦
78,067 million (US$62,081 thousand) due to receipt of dividends, increase of retained earnings by
￦
58,190 million
(US$46,274 thousand), increase of accumulated other comprehensive income by
￦
63,123 million (US$50,197 thousand) and decrease of
￦
2,887 million (US$2,296
thousand) due to changes of consolidated subsidiaries.
Affiliated company
Beginning
of year
Acquisition
(disposal)
Gain (loss)
on valuation
Other
changes (*) End of year End of year
Hyundai Steel Company
￦
429,513
￦
-
￦
141,357
￦
6,670
￦
577,540 $459,276
Korea Space & Aircraft Co., Ltd 79,503 956 -8,862 89,321 71,031
Hyundai MOBIS 408,764 (65,596) 70,546 37,127 450,841 358,522
Eukor Car Carriers, Inc. 111,692 -(6,535) (993) 104,164 82,834
HK Mutual Savings Bank 29,549 6,889 (5,832) (1,102) 29,504 23,462
Korea Economy Daily 26,052 -2,422 3,380 31,854 25,331
Donghui Auto Co., Ltd. 8,592 -711 -9,303 7,398
Asset Management Co., Ltd. 41,194 -15,439 478 57,111 45,416
TRW Steering Co., Ltd. 6,327 -(186) (1,344) 4,797 3,815
Wisco Co., Ltd. 4,986 -1,796 -6,782 5,393
Iljin Bearing Co., Ltd. 14,853 -1,511 (255) 16,109 12,810
Daesung Automotive Co., Ltd. 10,295 -692 (273) 10,714 8,520
Beijing-Hyundai Motor Company 371,464 106,985 50,916 (13,169) 516,196 410,494
Kia Motors Manufacturing Georgia Inc. -75,056 (631) -74,425 59,185
Hyundai Motor Deutschland GmbH 18,589 -(3,571) 2,890 17,908 14,241
Hyundai Motor Hungary ---2,283 2,283 1,816
Hyundai Motor Commonwealth of
Independent States - - 14,374 3,959 18,333 14,579
Dymos India Automotive Private Limited -3,722 - - 3,722 2,960
Beijing Lear Dymos Automotive
Systems Co., Ltd. 3,891 -621 (703) 3,809 3,029
Dymos Czech Republic s.r.o -2,553 (1,749) 94 898 714
Eurotem DEMIRYOLU ARACLARI
SAN. VE TIC A.S. 355 1,413 (816) 586 1,538 1,223
Yan Ji Kia Motors A/S 1,792 ---1,792 1,425
Autoever Systems Europe GmbH -1,534 17 194 1,745 1,388
Hyundai Motor Japan R&D Center Inc. 1,749 -22 168 1,939 1,542
Hysco Czech S.R.O -745 - - 745 592
Autoever Systems China Co., Ltd. 42 458 85 29 614 488
Autoever Systems India Pvt. Ltd. 572 -414 100 1,086 864
Eukor Car Carriers Singapore Pte. 5 - - - 5 4
Hyundai Electronics (Tianjin) Co., Ltd. 3,452 - - (3,452) - -
Hysco steel India, Ltd. 2,517 - - (2,517) - -
Rotem USA Corporation 2,500 - - (2,500) - -
Rotem Equipments (Beijing) Co., Ltd. 153 - - (153) - -
￦
1,578,401
￦
134,715
￦
281,603
￦
40,359
￦
2,035,078 $1,618,352
Korean Won In millions
U.S. Dollars (Note 2)
In thousands
The changes in investment securities accounted for using the equity method in 2007 are as follows:
Affiliated company Assets Liabilities Sales
Net income
(loss) Assets Liabilities Sales
Net income
(loss)
Hyundai Steel Company
￦11,856,770 ￦6,895,342 ￦10,502,957 ￦763,451
$
9,428,843
$
5,483,373
$
8,352,252
$
607,118
Korea Space & Aircraft Co., Ltd. 1,054,964 600,354 910,126 19,059 838,938 477,419 723,758 15,156
Hyundai MOBIS 7,716,346 2,423,793 9,373,390 1,013,393 6,136,259 1,927,470 7,453,988 805,879
Eukor Car Carriers, Inc. 2,230,127 1,686,182 2,282,955 21,513 1,773,461 1,340,900 1,815,471 17,108
HK Mutual Savings Bank 2,637,065 2,526,860 169,798 13,298 2,097,070 2,009,431 135,028 10,575
Korea Economy Daily 190,642 72,307 123,963 2,958 151,604 57,501 98,579 2,352
Kia Tigers Co., Ltd. 2,966 3,536 18,798 (134) 2,359 2,812 14,949 (107)
Donghui Auto Co., Ltd. 107,857 80,486 91,186 32 85,771 64,005 72,514 25
Asset Management Co., Ltd. 866,056 498,100 1,478,981 62,728 688,713 396,103 1,176,128 49,883
TRW Steering Co., Ltd. 81,915 68,691 164,864 (2,405) 65,141 54,625 131,105 (1,913)
Korea Credit Bureau Co., Ltd. 35,316 5,204 24,815 (1,230) 28,084 4,138 19,734 (978)
Wisco Co., Ltd. 228,041 163,887 335,008 4,015 181,345 130,328 266,408 3,193
Iljin Bearing Co., Ltd. 122,462 37,814 167,431 4,378 97,385 30,071 133,146 3,482
Daesung Automotive Co., Ltd. 70,042 17,924 67,317 2,373 55,699 14,254 53,532 1,887
Seoul Sung Bo Chiup LLC 19,295 88 - - 15,344 70 - -
Morningstar Korea Co., Ltd. 4,093 230 1,591 54 3,255 183 1,265 43
Beijing-Hyundai Motor Company 2,907,112 1,207,786 4,196,281 146,364 2,311,819 960,466 3,337,003 116,393
WIA Motor Dies Company 14,681 - - - 11,675 - - -
Hysco Czech S.R.O 54,853 40,626 24,593 (209) 43,621 32,307 19,557 (166)
Hyundai Motor Deutschland GmbH 357,299 280,038 835,646 (13,527) 284,134 222,694 664,530 (10,757)
Hyundai Motor Hungary 3,866 1,674 - - 3,074 1,331 - -
HECT 5,357 80 5,277 (41) 4,260 64 4,196 (33)
Dymos India Automotive
Private Limited 36,803 31,930 11,193 721 29,267 25,392 8,901 573
Beijing Lear Dymos Automotive
Systems Co., Ltd. 39,676 21,832 74,565 9,863 31,551 17,361 59,296 7,843
Dymos Czech Republic s.r.o 59,502 61,262 9,564 (2,778) 47,318 48,717 7,606 (2,209)
Yan Ji Kia Motors A/S 90,626 41,312 59,005 (939) 72,068 32,852 46,922 (747)
Hyundai Motor Japan
R&D Center Inc. 9,348 6,052 14,693 106 7,434 4,813 11,684 84
Kefico Automotive
Systems(Beijing) Co. Ltd. 647 19 - - 515 15 - -
Autoever Systems China Co., Ltd. 2,318 1,178 5,005 140 1,843 937 3,980 111
Autoever Systems India Pvt. Ltd. 2,357 1,268 5,362 (100) 1,874 1,008 4,264 (80)
MAINTRANCE 818 102 604 256 650 81 480 204
South Link9 9,503 5,945 16,006 2,558 7,557 4,728 12,728 2,034
Rotem Equipments (Beijing)
Co., Ltd. 705 367 5,940 (123) 561 292 4,724 98
Hyundai Rotem Automotive. 794 707 1,095 80 631 562 871 64
Korean Won In millions U.S. Dollars (Note 2) In thousands
(3) Condensed financial information of the affiliates as of and for the year ended December 31, 2008 is as follows: